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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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Oct 4, 2012
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's nor the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corp rate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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Oct 3, 2012
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but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney himself told a local denver station that part of his tax plan might include a cap on deductions at 17,000 a person which would not hurt billionaires at all like him. let's take a look. >> you could say everybody's going to get up to $17,000 deduction and you can use your charitable deduction, your home mortgage deduction or others, health care deduction and you can fill that bucket, if you will, the $17,000 bucket and higher income might have a lower number or you could do it by the same method that bowles/simpson did it, which is limiting certain deductions but that's the sort of thing that -- >> well, his tighing would take him past
but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney...
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Oct 10, 2012
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach it that way. that's going back and relegating all the old arguments. in spirit what i would do, unlike shrumy, i would take the big issue that is separating the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would sa
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure...
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Oct 10, 2012
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i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> in the final weeks of the campaign, the obama campaign may want to use a little more of the big dog and a little less of big bird, you might say. anyway, msnbc political panelist eugene robinson is with "the washington post" and cynthia turk is visiting. cynthia, it always brings our spirits up seeing bill in action. he finds the joy in it. in that this guy is a bit of a con artist and he's reinvented the whole massachusetts governor for the purpose of 90 minutes. and whenever's anyone's really listening in the big crowd, he reverts to the old bad stuff the minute nobody's looking. >> and chris, he explains all that in terms that people understood. he does it with a smile on his face. he doesn't seem in any way mean or harsh or vindictive. he seems funny, which he is. it's also clear that bill clinton is having a really good time. he enjoys being on the campaign trail. he enjoys politics in a way that i don't think that pres
i don't have that tax plan i had for the last two years. you going to believe me or your lying eyes here? come on. >> in the final weeks of the campaign, the obama campaign may want to use a little more of the big dog and a little less of big bird, you might say. anyway, msnbc political panelist eugene robinson is with "the washington post" and cynthia turk is visiting. cynthia, it always brings our spirits up seeing bill in action. he finds the joy in it. in that this guy is a...
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Oct 10, 2012
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i don't have that tax plan. you want to believe me, your lying eyes here. come on. >> the obama campaign wants to use more of the big dog and less of big bird, you might say. cynthia tucker is from the university of georgia. cynthia, it always brings our spirits up to see bill clinton. he finds that this guy is a bit of a con artist and he's reinvested the old massachusetts governor for the purpose of 90 minutes and reversed to the old bad stuff, the minute that nobody is really looking. >> and, chris, he explains all that in terms that people understand. he does it with a smile on his face. he doesn't seem in any way mean or harsh or vindictive. he seems funny, which is -- it's also clear that bill clinton is having a good time. he enjoys being on the campaign trail. he enjoys politics in a way that i don't think president obama does. and this gives him a great excuse for the first time in four years to be out with political crowds which he loves. and he's having a great time doing it. >> i think that the president doesn't know that there's music in politi
i don't have that tax plan. you want to believe me, your lying eyes here. come on. >> the obama campaign wants to use more of the big dog and less of big bird, you might say. cynthia tucker is from the university of georgia. cynthia, it always brings our spirits up to see bill clinton. he finds that this guy is a bit of a con artist and he's reinvested the old massachusetts governor for the purpose of 90 minutes and reversed to the old bad stuff, the minute that nobody is really looking....
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Oct 2, 2012
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tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim lehrer tomorrow night is going to demand specifics in the way chris wallace tried to do last week on fox. and i also think that the numbers are emblematic of values in this case. people want to know about mitt romney. they're undecided. i disagree with chuck a little bit. i think people are prepared to blame the president enough to dismiss him if, as chuck says, they are secure about romney. it's that last piece that romney hasn't done, and forcing him to discuss the details of his tax plan is not a way necessarily to win those undeci
tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim...
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Oct 3, 2012
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these types of restrictions are like poll taxes and literacy tests. we need to fight back and keep on fighting back. we're very glad for the victory in pennsylvania but we hope that the justices around the country will change their mind. >> ben, you're in a hero's role in all this. i appreciate anything you do in for our country. i want to ask you something. this seems to be hand in glove with the same kind of dog whistle stuff they're doing to white working class voters. get them upset about welfare and food stamps so you get the blacks so they can't vote and the whites angry at the blacks so they'll vote republican. it does seem like a two-pronged effort. >> no, that's right. and, you know, race has really been injected into this race in ways that are really insidious, and when you hear somebody talk about folks are too lazy and knowing who he's talking about are single moms who are raising kids, who are working, who may number a county where there's no d.o.t. or in a county where the d.o.t. is open one day or may are a boss that if they have to go
these types of restrictions are like poll taxes and literacy tests. we need to fight back and keep on fighting back. we're very glad for the victory in pennsylvania but we hope that the justices around the country will change their mind. >> ben, you're in a hero's role in all this. i appreciate anything you do in for our country. i want to ask you something. this seems to be hand in glove with the same kind of dog whistle stuff they're doing to white working class voters. get them upset...